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Price Analysis

Ontology Price Analysis: Ontology (ONT) Price Trend Keeps Rising With An Accumulative Momentum

ONT has shown tremendous growth over the past several months. On 19-Nov-18 the coin saw a decline in the prices with the coin trading as low as $0.44. The bearish phase continued for the coin until 23-Feb-19. Post which, the coin has bounced back in the game and has reflected an upward trend in the prices ever since.

Let us look at the performance of the coin: –

Ontology Price Chart - 4 July
Ontology Price Chart

Current Statistics of ONT:

  • The coin is currently ranked at 24th position in the crypto market.
  • As per 9:52 UTC today, market value of the coin is 690,781,635 USD.
  • Price of the coin today as per 9:52 UTC is 1.39 USD.
  • 24-hour volume figures are $146,077,047
  • 494,757,215 ONT coins are presently in circulation.
  • ROI of the coin is -46.80%.

Ontology Price Comparison and Prediction:

Comparing the time when the coin reached the lowest level, i.e. prices on 16-Dec-18 as per 9:50 UTC time, the price of the coin fell to $0.44. Since the said date until today, the movement of the coin reflects a bullish trend by a massive 215%. We predict that the coin will continue with the same trend and prices will rise to $1.4 with an increase of almost 2% by 5-July-19. The coin may trade around $1.8 to $2.0, by the end of 2019.

Conclusion:

As per the price comparison of the coin, it is suggested to sell the coins in the investment portfolio. We advise you to wait for a few more days before investing in the coin. As per the movement, the Chaikin Money Flow indicator also points to the fact that the bullish trend for the coin will be maintained. If the coin continues to grow with the same pattern, the next major resistance levels to keep an eye on would be $2.5 and $2.9 respectively.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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